Novartis Ag (NVS) Retained Earnings (2009 - 2026)
Novartis Ag's (NVS) quarterly Retained Earnings came in at $40.9 billion in Q2 2026, down 0.96% year-over-year from $41.3 billion in Q2 2025, and up 8.02% quarter-over-quarter from $37.8 billion in Q1 2026.
Analysis
Novartis Ag (NVS) Retained Earnings (2009 - 2026) Analysis & Trends
Novartis Ag has disclosed Retained Earnings across 18 years of filings, most recently posting $40.9 billion for Q2 2026.
- In Q2 2026, Retained Earnings fell 0.96% year-over-year to $40.9 billion; the TTM figure through Jun 2026 stood at $40.9 billion (down 0.96% YoY), while the FY2025 annual figure was $45.4 billion, up 4.87% from the prior year.
- Retained Earnings came in at $40.9 billion for Q2 2026 at Novartis Ag, up from $37.8 billion in the prior quarter.
- In the past five years, Retained Earnings ranged from a high of $62.1 billion in Q2 2022 to a low of $37.4 billion in Q3 2023.
- Average Retained Earnings over 5 years is $46.6 billion, with a median of $43.5 billion recorded in 2024.
- Year-over-year, Retained Earnings advanced 22.2% in 2022 and plunged 37.71% in 2023.
- Over 5 years, Retained Earnings stood at $58.5 billion in 2022, then dropped by 21.63% to $45.9 billion in 2023, then dropped by 5.62% to $43.3 billion in 2024, then grew by 4.87% to $45.4 billion in 2025, then decreased by 10.04% to $40.9 billion in 2026.
- Per Business Quant data, the three most recent Retained Earnings figures were $40.9 billion in Q2 2026, $37.8 billion in Q1 2026, and $45.4 billion in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | Johnson & Johnson | 641.14 Bn | 620.38 Bn | 17.26 Bn | 171.67 Bn |
| 2 | AbbVie | 451.04 Bn | 444.47 Bn | 12.70 Bn | -17.33 Bn |
| 3 | Merck | 357.43 Bn | 350.29 Bn | 12.21 Bn | 63.27 Bn |
| 4 | Novartis Ag | 266.73 Bn | 259.04 Bn | 11.24 Bn | 40.86 Bn |
| 5 | Pfizer | 157.52 Bn | 145.82 Bn | 10.94 Bn | 112.09 Bn |
| 6 | Sanofi | 52.14 Bn | 44.76 Bn | 10.79 Bn | - |
| 7 | Revolution Medicines | 42.88 Bn | 42.88 Bn | - | -4.00 Bn |
| 8 | Incyte | 24.70 Bn | 20.16 Bn | 1.57 Bn | 1.10 Bn |
| 9 | United Therapeutics | 21.47 Bn | 18.80 Bn | 683.80 Mn | 9.16 Bn |
| 10 | Neurocrine Biosciences | 15.82 Bn | 15.43 Bn | 935.80 Mn | 724.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 40.86 Bn |
| Mar 31, 2026 | 37.82 Bn |
| Dec 31, 2025 | 45.41 Bn |
| Sep 30, 2025 | 43.61 Bn |
| Jun 30, 2025 | 41.25 Bn |
| Mar 31, 2025 | 37.62 Bn |
| Dec 31, 2024 | 43.31 Bn |
| Sep 30, 2024 | 42.56 Bn |
| Jun 30, 2024 | 40.97 Bn |
| Mar 31, 2024 | 38.90 Bn |
| Dec 31, 2023 | 45.88 Bn |
| Sep 30, 2023 | 37.37 Bn |
| Jun 30, 2023 | 51.06 Bn |
| Mar 31, 2023 | 51.25 Bn |
| Dec 31, 2022 | 58.54 Bn |
| Sep 30, 2022 | 60.00 Bn |
| Jun 30, 2022 | 62.10 Bn |
| Mar 31, 2022 | 60.70 Bn |
| Dec 31, 2021 | 66.80 Bn |
| Sep 30, 2021 | 55.92 Bn |